Optimal market outcomes are the same as perfect market outcomes.

Name: Optimal market outcomes are the same as perfect market outcomes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Optimal market outcomes refer to the most efficient allocation of resources where marginal benefits equal marginal costs, while perfect market outcomes are theoretical scenarios under perfect competition, which may not always lead to optimal resource allocation due to externalities, public goods, or other market failures.

Optimal Market Outcomes Are the Same as Perfect Market Outcomes